TBT DESK: Sonali Paper and Board Mills Ltd has declared a 42% cash dividend for shareholders for the financial year ended 30 June 2026, following a review and approval of its audited financial statements by the company's board.

The decision was taken at a board meeting on Monday, 26 October, according to company sources.

The company's earnings per share (EPS) rose to Tk7.34 in the latest financial year, up from Tk7.17 a year earlier, indicating a modest improvement in per-share earnings.

However, cash flow per share fell substantially to Tk2.21 from Tk14.86 in the previous year. The divergence between earnings and cash flow highlights a difference between reported profitability and the cash generated or used in the business, although the figures alone do not establish the reason for the decline.

Sonali Paper's net asset value per share (NAVPS) stood at Tk153.96 as at 30 June 2026.

The company has scheduled its annual general meeting (AGM) for 11am on 15 December, to be held through a digital platform. The record date has been set for 18 November.

The dividend proposal and audited financial statements provide shareholders with an update on the company's annual performance. Further assessment of its financial position would require a closer examination of the full accounts, particularly operating cash flows, working capital and the basis on which the dividend will be funded.